Logistics Development Group plc
(“LDG” or the “Company”)

CareTech Update
LDG notes that, further to its announcement of 4 April 2022, Amalfi Bidco Limited (a consortium formed by Sheikh Holdings Group (Investments) Limited), has announced a recommended cash offer (with a partial rollover alternative) for CareTech Holdings PLC (“CareTech”), at a price of 750 pence per CareTech share. LDG currently holds 1,974,130 CareTech shares, representing approximately 1.74% of CareTech’s issued share capital.

In addition, DBAY Advisors Ltd (“DBAY”), the Company’s investment manager, has confirmed that, further to its announcement of 4 April 2022, it is not intending to make an offer for CareTech.

For enquiries:

Logistics Development Group plc Via FTI Consulting

FTI Consulting

Nick Hasell
Alex Le May
Cally Billimore

+44 (0) 20 3727 1340

Strand Hanson Limited
(Financial and Nominated Adviser)

James Spinney
James Dance
Abigail Wennington

+44 (0) 20 7409 3494

Investec Bank plc
(Broker)

Gary Clarence
Harry Hargreaves

+44 (0) 20 7597 5970

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